On the Worldwide Maritime Group (IMO), a proposal put ahead by Norway has drawn sharp criticism from environmental teams, notably Faig Abbasov of the NGO Transport & Atmosphere. The proposal, if carried out, might probably hinder international efforts to...
In a concerted effort to curb marine air pollution, Members of the European Parliament (MEPs) and EU governments have agreed upon stringent measures, enhancing accountability for ship homeowners and operators. The accord, finalized in Brussels on February fifteenth,...
There are two types of ‘demurrage’ in shipping business: Tramp shipping ( the charter).– is when you hire (rent) a vessel for certain cargo or group of cargoes. Demurrage in this case is a charge payable to the owner of a chartered (rented) ship on failure to load or...
“Where the subject-matter insured commences the transit contemplated by this insurance (in accordance with Clause 8.1), but without the knowledge of the Assured or their employees the ship sails for another destination, this insurance will nevertheless be deemed to...
In this post, let’s go through the actual process of how the hazardous cargo approval process works with the lines and port. It starts with the client approaching the shipping line for hazardous cargo acceptance. Most lines have their specific templates for the...
When goods or ship’s gear are voluntarily sacrificed by casting them overboard in time of peril, with the object of preventing the loss of the vessel and the balance of her cargo, there is said to be a loss by jettison, Such a sacrifice will normally be recoverable in...
